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The causes and consequences of inflation
FILE - Consumers shop at a Walmart store in Vernon Hills, Ill., Sunday, May 23, 2021. U.S. consumer confidence fell in August to the lowest level since February amid rising concerns about the rapidly spreading delta variant of the coronavirus and worries about higher inflation. The Conference Board reported Tuesday, Aug. 31, 2021 that its consumer confidence index dropped to a reading of 113.8 in August, down from a revised 125.1 in July. (AP Photo/Nam Y. Huh, file)
You're probably seeing signs of higher inflation. But some economists say, that’s not supposed to be happening. Is it time to better understand why inflation exists in the first place?
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